FIKFX vs. ^GSPC
Compare and contrast key facts about Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 (^GSPC).
FIKFX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIKFX or ^GSPC.
Correlation
The correlation between FIKFX and ^GSPC is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIKFX vs. ^GSPC - Performance Comparison
Key characteristics
FIKFX:
0.88
^GSPC:
1.86
FIKFX:
1.23
^GSPC:
2.50
FIKFX:
1.15
^GSPC:
1.34
FIKFX:
0.68
^GSPC:
2.77
FIKFX:
4.23
^GSPC:
11.99
FIKFX:
0.92%
^GSPC:
1.96%
FIKFX:
4.42%
^GSPC:
12.66%
FIKFX:
-15.37%
^GSPC:
-56.78%
FIKFX:
-2.96%
^GSPC:
-3.01%
Returns By Period
In the year-to-date period, FIKFX achieves a 3.89% return, which is significantly lower than ^GSPC's 23.84% return. Over the past 10 years, FIKFX has underperformed ^GSPC with an annualized return of 2.25%, while ^GSPC has yielded a comparatively higher 11.15% annualized return.
FIKFX
3.89%
-2.49%
2.02%
3.89%
1.86%
2.25%
^GSPC
23.84%
-2.08%
7.89%
23.84%
12.86%
11.15%
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Risk-Adjusted Performance
FIKFX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Index Income Fund Investor Class (FIKFX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
FIKFX vs. ^GSPC - Drawdown Comparison
The maximum FIKFX drawdown since its inception was -15.37%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for FIKFX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
FIKFX vs. ^GSPC - Volatility Comparison
The current volatility for Fidelity Freedom Index Income Fund Investor Class (FIKFX) is 1.61%, while S&P 500 (^GSPC) has a volatility of 4.19%. This indicates that FIKFX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.